HAMISH MCRAE: Chancellor Rishi Sunak’s new golden age for City

HAMISH MCRAE: If the Chancellor’s plans for the City are done well, it could usher in a new golden age for UK finance and benefit the economy By Hamish Mcrae, Financial Mail On Sunday Published: 21:50 BST, 3 July 2021 | Updated: 21:50 BST, 3 July 2021 The City is scrambling back to business. The … Read more

Rishi Sunak’s stamp duty holiday sparks record demand for property

Home sellers are set for a bumper Easter as Rishi Sunak’s stamp duty holiday sparks record demand for property House prices could soar after stamp duty holiday extended to the end of June Average asking prices are already up £2,484 to £321,064 due to limited supply  Easter busiest time for estate agents with 12 per … Read more

Labour flip-flops over Rishi Sunak’s income tax freeze

Labour flip-flops over Rishi Sunak’s income tax freeze milking billions from middle-earners as Lisa Nandy says the party’s MPs will vote AGAINST the plan Labour has suggested it supports Rishi Sunak’s freeze on income tax thresholds But Lisa Nandy said that the party’s MPs will vote against the Chancellor’s plan Keir Starmer has been coming … Read more

Rishi Sunak’s ‘super deduction’ could let Amazon wipe out its corporation tax bill, campaigners warn

Rishi Sunak’s ‘super deduction’ could let Amazon wipe out its bill: Online giant’s corporation tax could be cut to zero, campaigners warn The online retail giant’s British sales soared 51 per cent to £19.4billion last year Its warehousing arm paid £6.3mil in tax in 2019 despite raking in £3bn in sales But campaign groups say … Read more

Budget 2021: Fury over Rishi Sunak’s ‘stealth tax’ on the middle classes

The five-year freeze on income tax in yesterday’s Budget has been blasted as a ‘stealth and wealth tax’ which will drag 2.3 million workers into higher tax brackets. Rishi Sunak‘s decision not to raise income tax and National Insurance thresholds will amount to a pay cut in real terms for millions of hard-working, middle-class families. … Read more

HENRY DEEDES watches Chancellor Rishi Sunak’s budget speech

To paraphrase an old joke: An Etonian, a Harrovian and a Wykehamist and are sitting in a bar when a woman walks in. The Etonian says: ‘Fetch her a chair.’ The Harrovian fetches it. The Wykehamist sits in it. Winchester alumnus Rishi Sunak didn’t pull off quite such a dastardly move yesterday. No. He was … Read more

Rishi Sunak’s sleepless nights as he fights to control Britain’s debt 

Judging by the bags under Rishi Sunak’s eyes there is much keeping the Chancellor awake at night, and nothing more so than the mammoth UK debt pile. Sunak has had no option but to open the taps during the pandemic and while there is still much more spending to come, he has made it clear … Read more

The giveaway goes on! Families rejoice at Rishi Sunak’s Budget

Stamp duty holiday Estate agents are gearing up for a second housing mini-boom after the Chancellor extended the stamp duty holiday until the end of June. It means an extra 300,000 home buyers could benefit from the break. House hunters swarmed property websites within minutes of the announcement, suggesting the market may once again go … Read more

Budget 2021: Rishi Sunak’s VAT and business rates freeze hailed by small companies

Rishi Sunak unveiled a raft of measures aimed at helping small businesses today. The Chancellor targeted high street firms with a business rate holiday extension until June, followed by a two-thirds reduced rate for the rest of the financial year. He also confirmed a freeze of VAT at 5 per cent for hospitality firms until … Read more